Dow Jones Index (DJI)
6 years ago in #haejin by haejin (85)
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Purchasing power managed to control the movement of the Dji to reach the 24741 resistance level as the Dow faces resistance and selling pressure around this level.
In view of the technical indicators
Both the RSI and the Stochastic indicate that the indicators fail to reach the overbought area.
Accordingly, we expect the Dow to fall to 23861, and this scenario would fail if the Dow Jones index breaches the 24741 level higher.
The alternative scenario is to breach the Dow Jones 24741 level higher to target 26060 levels.
Resistance: 24741 -26060 - 26800
Support: 23861 - 22552 - 21426
Direction: Occasional
Best regards @haejin
Good points.
haejin if u get a chance please reply thank u so much been following your since your first u tube video are we in the b wave up right now? what's your target?
Yes, replied. I reply to comments in the AM time every day.
👆👆 nice work!!!
your work is great @haejin DJI price of the index confirmed its adherence to the upside attempts as it provided a new positive close above the support of the ascending secondary channel which is currently extended to 24340
Collapse of the US economy in one chart. Lol we'll see!
Would be quite the world-changing event